SEC streamlines overhaul of stock trading rules
Tick size and access fee rules simplified from first draft, but Peirce still questions rationale
The US Securities and Exchange Commission has simplified its original proposals for the biggest overhaul of equity market structure since 2005, in a move that one commissioner believes can help improve execution quality while preserving competition in the market.
“Together, these changes should reduce operational complexity and potential investor confusion, allow tick-constrained stocks to trade at prices more closely approximating their natural levels, permit continued competition across
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